Morocco: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, February 23, 2015
Source details
- Canonical URL
- Morocco: Staff Report for the 2014 Article IV Consultation
Other formats
Bibliographic details
- Published: February 23, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498381642.002
Summary
- The 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty.
- Executive Directors commended the authorities for their strong policy actions, which have reduced economic vulnerabilities.
Growth outlook and recent performance
- Growth slowed in 2014 as a result of a contraction in agricultural activity following an exceptional 2013 crop and weak demand from Europe.
- Growth is expected to rebound in 2015 to about 4.4 percent and remain robust in the medium term as external demand and domestic confidence strengthen.
Major challenges identified
- Reduce fiscal vulnerabilities.
- Reduce external vulnerabilities.
- Strengthen growth.
- Create jobs.
- Tackle poverty.
Subject coverage and keywords
- Subject areas: Banking, Credit, Financial institutions, Government debt management, Loans, Money, Oil prices, Prices, Public debt, Public financial management (PFM).
- Keywords: CR, Credit, dirham exchange rate, Europe, financial asset, GDP, Global, Government debt management, IMF staff estimate, ISCR, Loans, Maghreb, Middle East, monetary policy, Morocco's economy, Oil prices, policy, preserve competitiveness, Sub-Saharan Africa, TA mission MCM exchange rate.
Content in this bundle
- Cr1543
- Maroc: Consultations de 2014 au Titre de l’article IV; Rapport du FMI No. 15/43; 23 Janvier 2015